SPY - Ascending Triangle in Hour chart

• SPY Hour chart has an ascending Triangle pattern.
• Price sustaining above 135.66 May give a rally for bulls.
• Breaking support line will favor bears.

ES Triangle pattern

• ES Hour is near the resistance line of a consolidation triangle pattern and its 200 Hour moving average.
• Price if sustains above both these levels Bulls may get a rally in their favor.
• If gets resisted price will fall fast because of the confluence of resistance.
• AAPL Descending Triangle pattern

NIFTY - Triangle and Wdedge

CHART - II

• Bulls are holding on to 5500. Todays fall from the rising wedge gave an intraday sell. But positional bulls are not yet affected.
• Breaking 5500  -  5520 level will give hope to the bears. For bigger gains they have to break 5443 as well. Till then this thing will remain range bound. 

CHART -I

• Nifty has both Bullish and bearish possibilities.
• An ascending triangle breakout may find resistance at the Resistance line of the Rising wedge.
• So Bulls need to breakout of both patterns to confirm breakout.
• Bears need to Break the rising support line of the Rising wedge.

Nifty Daily Analysis

• Breaking yesterday's low will bring nifty to the support line of the triangle shown in weekly chart.
• Price is closing between 5 day high and low Ema's which will not give a clear trend. So We need to see price closing above high Ema for a small up trend to start.